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BidBuySmart
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What red flags suggest an appraiser is not trustworthy?

Asked by sitecontributor|Appraisal

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BidBuySmart

Be cautious if an appraiser offers to buy the item right after valuing it, especially if the price feels rushed. That is a conflict of interest, and the low value may be setting up the purchase. The same goes for anyone who bases the fee on a percentage of the appraised value.

Other warning signs include refusing to provide a written engagement agreement, being vague about credentials or training, promising a high number before seeing the item, or delivering a report with no descriptions, photographs or explanation of method.

A trustworthy appraiser explains the purpose and type of value, states fees up front, and stays within their area of expertise. If they are not qualified in a category, a good one will say so and refer you to a specialist.

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